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Workhorse Surges as Lawmakers Take Aim at Postal Contract

Workhorse Surges as Lawmakers Take Aim at Postal Contract Bloomberg 3/9/2021 Ari Natter, Todd Shields and Lillianna Byington © Bloomberg Monitors display stock market information as pedestrians are reflected in a window at the Nasdaq MarketSite in the Times Square area of New York, U.S., on Friday, Sept. 6, 2019. U.S. stocks advanced and Treasuries were mixed as Federal Reserve Chairman Jerome Powell’s latest comments did little to alter views on Federal Reserve policy. (Bloomberg) Workhorse Group Inc. rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp. and another lawmaker raised questions about stock trades just prior to the contract announcement.

New yorkUnited statesWhite houseDistrict of columbiaTimes squareJerome powellMarcy kapturJared huffmanGerry connollyGriffin andersonJoe bidenUs postal serviceFederal reserveOshkosh corpExchange commissionPostal service

Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade

Workhorse Surges as Lawmakers Take Aim at Postal Contract Bloomberg 3/9/2021 Ari Natter, Todd Shields and Lillianna Byington © Bloomberg Monitors display stock market information as pedestrians are reflected in a window at the Nasdaq MarketSite in the Times Square area of New York, U.S., on Friday, Sept. 6, 2019. U.S. stocks advanced and Treasuries were mixed as Federal Reserve Chairman Jerome Powell’s latest comments did little to alter views on Federal Reserve policy. (Bloomberg) Workhorse Group Inc. rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp. and another lawmaker raised questions about stock trades just prior to the contract announcement.

New yorkUnited statesMarcy kapturSherrod brownTim ryanExchange commissionLordstown motors corpBloomberg workhorse group incPostal serviceUs postal serviceOshkosh corpOhio democratBloomberg pastWall streetOhio democrats marcy kapturSenator sherrod brown

Workhorse Surges Amid Lawmaker Probe, EV Bill for Postal Trucks

Workhorse Surges Amid Lawmaker Probe, EV Bill for Postal Trucks
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New yorkUnited statesMarcy kapturSherrod brownTim ryanJared huffmanExchange commissionLordstown motors corpBloomberg workhorse group incPostal serviceUs postal serviceOshkosh corpRepresentative jared huffmanCalifornia democratOhio representative tim ryanOhio democrat

Workhorse Sees Prolonged Process to Challenge Postal Award

Workhorse Pursues Long-Shot Bid to Overturn Postal Truck Award Bloomberg 3/5/2021 Ari Natter and Todd Shields (Bloomberg) Workhorse Group Inc. faces a tough road to overturn its loss of a $6 billion contract award to build trucks for the U.S. Postal Service due to regulations designed to protect the integrity of government bidding and keep politics out. Popular Searches The company itself forecast a “prolonged process” Thursday as it considers challenging Oshkosh Corp.’s win in the contest to build a next-generation fleet to replace the Postal Service’s decrepit, polluting mail trucks. Workhorse will likely turn first to an internal U.S. Postal Service process and from there can go to federal court, according to experts in contracting. Its best hope may lie with a change in the service’s governing board proposed by President Joe Biden. But even that isn’t a guarantee.

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